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amazon: I hold RIL stock, says SC judge in Future dispute


NEW DELHI: Lawyers in the high stakes Future-Amazon-Reliance litigation on Thursday recorded ‘no objection’ to an SC judge being part of a three-judge bench headed by CJI N V Ramana despite her declaration that she and her family members held shares in Reliance Group. Right at the start, Justice Hima Kohli revealed her shares in RIL and said she would recuse herself if any of the parties had any objection. However, with parties recording ‘no objection whatsoever’, the bench also comprising Justice A S Bopanna, continued with the hearing. On Thursday, the CJI-led bench said that the matter has been rendered complicated by filing of numerous petitions, cross pleas and suits. However, it said that all issues raised by warring sides would be taken up together for hearing on November 17. The bench also refused to pass any order on a plea for allowing Future Group to proceed with preliminary steps for the approval of the deal with Reliance Group. “If you do everything before the case is heard, what would remain for the court to decide,” the bench asked. Amazon has 49% stake in Future Coupons, which in turn owns 9.82% shares in Future Retail. It was Amazon’s contention that Biyani Group could not have entered into a deal with RIL without the approval of FCPL.


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